THE BOOK Draft 171

It has proved very difficult to write this book.I have re-started many times.This was only one attempt.The problem is trying to say things in the correct order and so make it totally logical.If that is how you want it to be please check out my new website.I am now almost there.http://ingramwebinar01.blogspot.co.za/Sorry for any inconvenience caused.

Cartoonist wanted to make it memorable.

New Title

Reshaping Economics

Back to BasicsFollowed by the same words-----------------

Alternative possible Title:

Economies are Designed to CrashTaking everyone down with them
Volumes 1 &2

A simple explanation of how economies work, fail to work, and what can be done.

Very Practical.
Approved by high calibre professors and central bankers

Written in Plain English so that everyone can understand

BACK COVER

A BOOK FOR EVERYONE

Economics is easier than people think. It all starts with there being nowhere safe for savings. No safe way to borrow. No investments that are not over-priced. Unsafe currency value, and volatile interest rates. It is a matter of the way things are
done. They are ignoring well understood basic principles that anyone can understand. This book tells the personal and business story of how everyone can live a simpler, better, and
safer financial life. That is, if we take charge and persuade our leaders to replace the
old savings and loans contracts and make basic changes to a few other things
that put our financial lives and the good health of whole economies at risk.

Most of the complexity that we see is created by the regulations, laws, taxes and other badly designed parts of
the economic framework. That includes banking, money creation, and currency
pricing methods. Where we should have simplicity based upon well understood basic principles,
we have systems that over-ride those basics. This creates chaos and vast social
and family devastation on a world wide scale. We get extremist politics.
Something has to be done.

REVIEWS

Andrew Pampallis, Retired Head of Banking at the University
of Johannesburg wrote,“When
people realize what you have done all hell will break loose.” He means that every financial institution will have to make changes.

Azam Ali ex
Senior Economist, Bank of Pakistan, writes,“I am
following your endeavours in rewriting the economic framework with great
interest. In principle, I am on the same page with you on all the issues you
raise.”

Dr Rabi N. Mishra, Economist, and a Chief General Manager,
Reserve Bank of India writes: “This book will inspire rethinking on the
perimeters of economic thought and theory, and their practical use in policy
making. A ‘should-read’ for budding researchers in Financial Economics to
expand its horizon.”

Professor
Evelyn Chiloane-Tsoka from the University of South Africa, says“These ideas will become prescribed
reading at universities.”

Alan
Gray, Editor-in-Chief, NewsBlaze, writes, “The Macro-economic Design
group’s elegant solution is so simple that it has eluded the big economic
thinkers of our time, because everyone was looking for a complex solution to a
complex problem.”

EASY
TO READ

The
first economist to read the draft main book herein described it in one
word, “Superb”. The second one wrote “It reads like a
Novel”. Yet it remains fully academic. The first publisher to read it
wrote, “The reader is compelled to keep turning the pages.”

Edward Ingram is an ex student
of systems control engineering who converted to being a financial adviser, and
a superbly successful investment manager. After four decades of observing and
coping with the faults in the financial system….

…by devising mathematical
formulae to aid and support basic economic principles for real time economic
growth, he shows that the whole savings and lending sector is off course. And
he shows how it can be shifted to being safe and reliable for all participants.

His analytical ability has also
enabled him to find alternative solutions for international trade - issues such
as exchange rates which affect the pricing of one third of global output. And a
safe new way for money creation that sets interest rates (the price of money)
free to create the necessary balance.

His skill at finding
distortions in the financial and economic architecture and solving the same
through alternative innovation is unprecedented. No one has previously made a
comparable contribution.

He is an economic crises doctor
with medicine to stabilize or cure real-time ailments that normally put people
in jeopardy with their savings, borrowing, and all kinds of business plans.

Edward Ingram’s new approach
overtakes conventional thinking which simply tries to control an unmanageable
economic and business environment.

He introduces the concept of
minimum disturbance as these new financial services and methods are introduced
so that there is always an immediate and positive benefit.

Taken together these remedies
challenge the belief that people’s personal and business plans and whole
economies are by nature unstable.

Everyone should be able to
enjoy a significantly more secure financial life for themselves, their
families, and their businesses.

The widespread financial disasters that overtake so many,
in the process passing their wealth to the bankers and others through no fault
of their own, will end.

Ben Carter is an American activist who wants to have these
ideas adopted in order to solve problems that otherwise seem insoluble.

There are three obvious areas
where change is needed. In each case it is a failure to allow prices, costs,
and values to adjust to the changing environment in the undistorted way that
they should do.

SAVINGS AND LOANS – Discussed in Part 1

The savings and loans contracts
do not even mention the devaluation or revaluation of money. They calculate the
costs of repayments as if nothing is changing. When change happens the payments
jump around and recalculate as if that was a once only mistake and that
thereafter nothing will change – until next time.

Costs and interest rates and
property values get distorted and do not behave like the rest of the economy
does. People get hurt, houses get repossessed, businesses fail, and savings and
pensions get devalued or lost - among other complex consequences.

When one thing is done wrongly
in a complex system there are many follow-on and unwanted complex consequences.
When it is corrected dozens of problems disappear. Everything simplifies.

Volume 1 is descriptive of all
this with some tabulations that show the errors.

Volume 2 begins with an
exciting personal biography of how the discoveries were made and how it felt to
be the first person to see such important things that were never known before. Volume
2 goes on to give the elementary mathematics behind solving the problem.

In both volumes, the
implications for policy-making in both developed and developing economies are
explained. That includes Europe, Greece, and so forth.

MANAGEMENT OF THE ECONOMY – Discussed in Part 2

There is a very loose mechanism
in place for managing the level of borrowing and total spending in our
economies. The control mechanism used (managing interest rates) is
fundamentally flawed.

Interest rates are a price.
They should not be tampered with. The price of borrowing should stabilise the
level of demand for a limited supply of
credit / borrowing.

Without this limited supply of
money to borrow, and the resulting fairly stable level of interest rates, (used
to match supply with demand), economies boom and bust.

People and businesses get
caught up in this. Future levels of demand are not predictable beyond the next
few years. Or even next year at times. Pensions and savings are not safe. Interest
rates are not safe. Longer term planning is not safe. No one is really safe.
The economy is not safe and politics is not safe: during a prolonged recession
like we have now extreme parties and violent groups take root and grow.

The solution is shared with
some other research groups one of which took almost exactly the same path to
solving the problem, unknown to either group. That group, ‘Positive Money’ now
has a representative in the Treasury Select Committee at the House of Commons
in the UK, Steve Baker MP.

A short term recovery strategy
based upon a managed introduction of the new debt structures is given in these
volumes. The main problem is super-low interest rates and inflated asset
values, together with currency value adjustments which get tangled up with all
this.

One thing done wrongly leads to
a complex and chaotic situation that few people are qualified to unravel or to
understand. Putting that right can remove the problem for future generations
and simplify everything.

CURRENCY PRICING – Discussed in Part 3

The price of a currency is
supposed to reflect ONLY the balance of trade. It is not supposed to be
complicated. One price for one activity.

In practice, governments get
tempted to find short cuts to boosting economic growth by meddling with the
currency. The result is a complex system which enables them to do that. Even if
they have no intention of distorting the world economy, it happens. It creates
chaos at many levels and it unwinds. There is no real control that is possible.
There are simply not enough resources to manage any particular currency value.
We are talking in trillions.

A third of all business
activity in the world (worth around 20 trillion dollars) cannot predict the
price at which they are going to trade next year or the years thereafter. Long
term planning is irresponsible and dangerous.

Trillions of dollars’ worth of
investment in international trade industries and tens of millions of jobs are
put at risk.

Allowing the price of
currencies and the amount of money in circulation to behave in the proper way
in all economies will remove most of the chaos and damage. It will simplify
everything.

The cost of borrowing can be
adjusted as the value of money changes. Savings and borrowing will be much
safer.

The Amount of credit and money
in circulation can be managed, allowing interest rates to adjust. There will be
a calmer economy which is predictable if the above and below problems are also
addressed.

The right to invest in another
country’s investment markets can be made conditional upon the investor first
bidding for a share of the target nation’s currency, protecting the money
supply of each nation. This will calm currencies As well as the level of demand
in the world’s economies.

WHY USE PLAIN ENGLISH?

This book explains the
world’s major economic problems in plain English rather than using highly
technical language that only economists and financial experts can understand.

The writer and his various supporters
and review teams have found that the world’s economies are being battered by
automated chaos caused by the structure / architecture of the economies of
nations.

There is little need for a
knowledge of economics to understand how this works. Everyone who has a big
loan, or a business, or savings and investments, knows how such chaos affects
them personally.

Every reader will soon
understand why, if some basic things get changed, they will be financially
safer. At least, that is the intention.

A
LEGITIMATE FEAR

Some people fear that
making changes could make things worse not better. That issue has been
powerfully addressed early on. It is entirely mistaken. It is no more real
than to say “I would prefer to continue to ride in a bus with square wheels in
case fitting round ones makes things worse.”

THE MAIN
BOOK- Breakfast in the Mountains

The MAIN BOOK is about how
it was explained to a group of non-financial church people at an Easter Retreat
in the Mountains – over breakfast.

It did not take long. They
loved it. They asked when the book will be published.

One reader of the drafts
asked whether there had in fact been any such ‘Breakfast in the Mountains’ or
was this just a useful fiction?

Fact: it
happened.[2] The listeners were fascinated. They understood how much it
would help them personally if some simple things were changed. They asked when
the book will be published.

CHAPTERS
FOR ECONOMISTS AND POLICY MAKERS

Seven preliminary chapters,
chapters 3 to 9, have been added as an introduction for economists and readers
from the financial sector because if we are to get these changes made we must
carry them with us.

This
Research Group, Directors and Associates, formalised as IngramSure (UK) Ltd,
are also listed in the Acknowledgements herein.
Like the author, most of them are expert people who understand how the laws and
regulations and the way things are done automatically makes everything
unstable, putting all their clients at risk.

to be continued....

The previous draft is being changed and more pages will be added here shortly.

The book is something way ahead of its time, addresses all the major current issues bar the wealth gap (it gets some attention too) and it is very practical. It can and it must change the world for the better. ASAP

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